Luxurban hotels inc. expands presence in miami beach with acquisition of the townhouse hotel

Miami--( business wire )--luxurban hotels inc. (or “the company”) (nasdaq: luxh), which utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities, announced today that it has acquired the long-term rights to the townhouse hotel in south beach, florida via a 21-year master lease agreement (“mla”), inclusive of option. the townhouse hotel - which will be powered by the company's consumer facing luxurban™ brand - is expected to commence operations in december 2022.
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